Mcmorgan & Co. LLC Has $3.29 Million Stake in Crocs, Inc. (NASDAQ:CROX)

Mcmorgan & Co. LLC lifted its stake in Crocs, Inc. (NASDAQ:CROX - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,009 shares of the textile maker's stock after acquiring an additional 4,206 shares during the period. Crocs makes up 0.5% of Mcmorgan & Co. LLC's portfolio, making the stock its 27th largest holding. Mcmorgan & Co. LLC owned approximately 0.05% of Crocs worth $3,287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MetLife Investment Management LLC raised its holdings in Crocs by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 33,285 shares of the textile maker's stock valued at $3,646,000 after acquiring an additional 2,104 shares in the last quarter. Natixis bought a new position in Crocs in the fourth quarter worth $9,272,000. Capital Research Global Investors acquired a new stake in Crocs during the fourth quarter worth $11,775,000. Dimensional Fund Advisors LP increased its holdings in Crocs by 9.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,046,600 shares of the textile maker's stock valued at $114,632,000 after buying an additional 89,647 shares during the period. Finally, Altshuler Shaham Ltd raised its stake in shares of Crocs by 30,778.0% in the 4th quarter. Altshuler Shaham Ltd now owns 456,995 shares of the textile maker's stock valued at $50,055,000 after buying an additional 455,515 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Crocs Trading Up 3.1 %

NASDAQ:CROX traded up $2.93 during trading hours on Thursday, hitting $98.73. 1,358,697 shares of the stock were exchanged, compared to its average volume of 1,463,290. The company has a market capitalization of $5.53 billion, a P/E ratio of 6.17, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The company's 50 day moving average is $101.05 and its two-hundred day moving average is $107.29. Crocs, Inc. has a twelve month low of $86.11 and a twelve month high of $165.32.

Crocs (NASDAQ:CROX - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The textile maker reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.25. Crocs had a return on equity of 46.27% and a net margin of 23.16%. On average, sell-side analysts anticipate that Crocs, Inc. will post 13.2 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Shannon Sisler sold 4,659 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $109.75, for a total value of $511,325.25. Following the completion of the sale, the executive vice president now directly owns 29,299 shares of the company's stock, valued at $3,215,565.25. This represents a 13.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Adam Michaels sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $106.69, for a total transaction of $1,600,350.00. Following the transaction, the executive vice president now owns 89,323 shares of the company's stock, valued at approximately $9,529,870.87. This represents a 14.38 % decrease in their position. The disclosure for this sale can be found here. 2.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on CROX shares. Loop Capital upped their target price on shares of Crocs from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. Barclays lowered their price objective on Crocs from $125.00 to $122.00 and set an "overweight" rating on the stock in a research note on Friday, February 14th. Piper Sandler cut their target price on Crocs from $125.00 to $115.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus dropped their price objective on Crocs from $138.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Bank of America increased their target price on shares of Crocs from $144.00 to $153.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Crocs presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

About Crocs

Crocs, Inc, together with its subsidiaries, designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under Crocs and HEYDUDE Brand in the United States and internationally. The company offers various footwear products, including clogs, sandals, slides, flips, wedges, platforms, socks, boots, charms, flip flops, sneakers, and slippers.